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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (14549)	5/27/2004 1:21:00 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Andy Weissmann on nat gas and peaking this summer: energypulse.net A little test of what this looks like today in Florida: REUTERS Florida Gas issues overage alert due to heat NEW YORK, May 27 (Reuters) - Florida Gas Transmission said Thursday it issued an overage alert day due to rising temperatures in the state. Alerts, also called critical days, require natural gas shippers to carefully adhere to scheduled quantities to maintain system integrity. An overage alert day signals that taking excess quantities offline would be harmful. Florida Gas said it was issuing an overage alert day for Thursday at 25 percent tolerance, meaning that shippers must stay within 25 percent of their scheduled volumes. The company has issued several overage alerts this week as temperatures in the state have reached into the 90s Fahrenheit with little or no rain, boosting gas and power demand as customers crank up their air conditioners. The 5,000-mile Florida Gas Transmission pipeline extends from south Texas to south Florida with a mainline capacity of 2.1 billion cubic feet per day. The line is owned by El Paso Corp. <EP.N> unit Southern Natural and bankrupt Enron Corp.'s <ENRNQ.PK> pipeline holding company CrossCountry Energy LLC.